1 March 2017
Issue of Equity
Tern Plc (AIM:TERN), the investment company specialising in the Internet
of Things, announces that it has issued and allotted 100,000 ordinary
shares of 0.02 pence each pursuant to the exercise of share options
exercisable at 9 pence per share.
Application will be made for the 100,000 new ordinary shares to be
admitted to AIM and it is expected that admission will take place and
trading in the new ordinary shares will commence on 6 March 2017.
The share options were issued to Michael Clark when he was a director of
Tern Plc, as part of his remuneration package. Following this issue,
Michael Clark has 400,000 share options remaining.
Following Admission of the new ordinary shares, the enlarged issued
share capital will be 120,151,443 ordinary shares of 0.02p each. The
Company does not hold any shares in Treasury. The above figure may be
used by shareholders as the denominator for the calculations to
determine if they are required to notify their interest in, or a change
to their interest in, the Company, under the Disclosure and Transparency
Al Sisto/Sarah Payne Tel: 020 3807 0222
WH Ireland Tel: 0117 945 3470
(NOMAD and joint broker)
Mike Coe/Ed Allsopp
Whitman Howard Tel: 020 7659 1234
Nick Lovering/Francis North
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
Source: Tern Plc via Globenewswire
(END) Dow Jones Newswires
March 01, 2017 02:00 ET (07:00 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.